PART 4

Trustees and commissioners

Replacement trustees

Appointment of replacement trustee
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1
This section applies where a replacement trustee is elected by virtue of a trustee vote.
2
On the election of the replacement trustee the original trustee must immediately make a report of the proceedings at the statutory meeting—
a
where the original trustee was not AiB, to AiB, or
b
where the original trustee was AiB, to the sheriff.
3
The debtor, a creditor, the original trustee, the replacement trustee or AiB may object to any matter connected with the election—
a
in the case of an objection by a person other than AiB, by applying to AiB,
b
in the case of an objection by AiB, by application to the sheriff.
4
Any objection under subsection (3) must—
a
specify the grounds on which the objection is taken, and
b
be made within 4 days beginning with the day of the statutory meeting.
5
If there is no timeous objection under subsection (3), AiB must without delay declare the elected person to be the trustee in the sequestration.
6
No expense in objecting under this section is to fall on the debtor's estate.